It’s Raines-bashing day here at the Curious Capitalist! First Frank, now my old friend Howell (full disclosure: the man bought me lunch once, and has always been very nice to me). In his newish incarnation as media critic for Conde Nast Portfolio, Howell has written a column arguing that the “children of Reaganomics” now populating [...]
The SEC, which has been watching this financial crisis mostly from the sidelines so far, is suddenly on the warpath. First it announced emergency rules meant to make it harder to short-sell certain financial stocks, among them Fannie Mae and Freddie Mac. Now it’s reportedly flinging subpoenas around the offices of Goldman Sachs, Deutsche Bank, [...]
Franklin Delano Raines, who ran Fannie Mae before being forced to resign amid an accounting scandal in 2004, and still owns stock in the company, has a very strange op-ed today in the Washington Post. Raines starts out by arguing that the loan losses so far at Fannie Mae and Freddie Mac are actually pretty [...]
My column on and Q&A with John Mackey of Whole Foods and Kip Tindell of the Container Store, who were housemates in college and now both run companies on the principle that employees and customers come before shareholders, has been generating some intriguing responses. I heard from another of their University of Texas housemates, an [...]
